PrimeSource Brands Expands Reach with Harney Hardware Acquisition
In a significant move to bolster its market presence, PrimeSource Brands has officially announced its acquisition of Harney Hardware. This strategic acquisition is part of PrimeSource’s ongoing efforts to enhance its specialty branded building products, catering to the residential sector.
PrimeSource Brands, a leading provider in North America, has established itself as a formidable player in the specialty residential building product market. The company is backed by Clearlake Capital Group, L.P. since December 2020 and has now completed its sixth acquisition since then. This strategic growth is a testament to their commitment to expanding their product offerings and enhancing customer satisfaction.
Located in Tampa, Florida, Harney Hardware has been a reputable manufacturer and distributor of door and bathroom hardware products since its establishment in 1985. The company offers a diverse range of value-engineered products including bathroom hardware sets, residential door locks, plumbing fixtures, ceiling fans, and various decorative hardware options. This comprehensive portfolio aligns perfectly with PrimeSource's existing Kitchen & Bath segment, further solidifying their position within the industry.
"We are thrilled to bring Harney into the PrimeSource Brands family," said Tom Koos, the CEO of PrimeSource Brands. He acknowledged the impressive range of products that Harney has developed and expressed optimism about the synergy between the two companies' offerings. This acquisition not only augments PrimeSource’s current catalog, which boasts over 850 SKUs, but also advances its mission to be the leading branded specialty building products provider in the market.
José E. Feliciano, Co-Founder and Managing Partner at Clearlake Capital, commented on the acquisition as another successful milestone in their partnership with PrimeSource Brands. The firm’s operational improvement approach, known as the O.P.S.® playbook, has enabled consistent growth through both organic development and strategic acquisitions. This pathway allows PrimeSource Brands to expand its footprint and improve its service network across the country.
PrimeSource Brands is a significant contender in the residential building products space with an extensive range featuring more than 85,000 SKUs. The company's operations span across 58 distribution centers in 26 states, uniquely positioning it to serve over 45,000 customer locations. Their robust logistics capabilities and trusted brand-value are pivotal for their customers who seek a diverse range of options in construction fasteners, cabinet hardware, and functional features.
Harney Hardware has earned its reputation in the hardware industry by maintaining a commitment to quality and customer satisfaction. With a varied selection of products like plumbing fixtures, door locks, and bathroom hardware systems, Harney caters to a broad spectrum of customers throughout the United States. The company’s dedication to delivering high-quality products solidifies its status as a reliable name in its field. For more information about Harney Hardware, visit their website.
The acquisition of Harney Hardware appears to be a strategic step for PrimeSource Brands, not only enhancing their product range but also reinforcing their commitment to providing top-tier residential building solutions. As the market evolves, alliances like this one signal a robust response to customer demand and market dynamics. The impact of this acquisition will be observed closely as the companies integrate their operations, potentially setting a benchmark in the industry for quality and customer-focused products.
PrimeSource Brands, a leading provider in North America, has established itself as a formidable player in the specialty residential building product market. The company is backed by Clearlake Capital Group, L.P. since December 2020 and has now completed its sixth acquisition since then. This strategic growth is a testament to their commitment to expanding their product offerings and enhancing customer satisfaction.
Located in Tampa, Florida, Harney Hardware has been a reputable manufacturer and distributor of door and bathroom hardware products since its establishment in 1985. The company offers a diverse range of value-engineered products including bathroom hardware sets, residential door locks, plumbing fixtures, ceiling fans, and various decorative hardware options. This comprehensive portfolio aligns perfectly with PrimeSource's existing Kitchen & Bath segment, further solidifying their position within the industry.
"We are thrilled to bring Harney into the PrimeSource Brands family," said Tom Koos, the CEO of PrimeSource Brands. He acknowledged the impressive range of products that Harney has developed and expressed optimism about the synergy between the two companies' offerings. This acquisition not only augments PrimeSource’s current catalog, which boasts over 850 SKUs, but also advances its mission to be the leading branded specialty building products provider in the market.
José E. Feliciano, Co-Founder and Managing Partner at Clearlake Capital, commented on the acquisition as another successful milestone in their partnership with PrimeSource Brands. The firm’s operational improvement approach, known as the O.P.S.® playbook, has enabled consistent growth through both organic development and strategic acquisitions. This pathway allows PrimeSource Brands to expand its footprint and improve its service network across the country.
About PrimeSource Brands
PrimeSource Brands is a significant contender in the residential building products space with an extensive range featuring more than 85,000 SKUs. The company's operations span across 58 distribution centers in 26 states, uniquely positioning it to serve over 45,000 customer locations. Their robust logistics capabilities and trusted brand-value are pivotal for their customers who seek a diverse range of options in construction fasteners, cabinet hardware, and functional features.
About Harney Hardware
Harney Hardware has earned its reputation in the hardware industry by maintaining a commitment to quality and customer satisfaction. With a varied selection of products like plumbing fixtures, door locks, and bathroom hardware systems, Harney caters to a broad spectrum of customers throughout the United States. The company’s dedication to delivering high-quality products solidifies its status as a reliable name in its field. For more information about Harney Hardware, visit their website.
Future Implications
The acquisition of Harney Hardware appears to be a strategic step for PrimeSource Brands, not only enhancing their product range but also reinforcing their commitment to providing top-tier residential building solutions. As the market evolves, alliances like this one signal a robust response to customer demand and market dynamics. The impact of this acquisition will be observed closely as the companies integrate their operations, potentially setting a benchmark in the industry for quality and customer-focused products.
Topics Consumer Products & Retail）
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